A platform backed by private equity major Gaja Capital is in the final stages of acquiring a majority stake in a mortgage lender owned by the Centrum Group, reflecting the growing confidence of impact funds in...
IFX Payments’ Argentex takeover deal terminated
The previously announced acquisition of Britain’s Argentex by cross-border payments provider IFX Payments has been terminated after the currency risk management business entered administration last month, the...
Ripple to buy stablecoin platform Rail for $200 million
Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter...
NARCL offers ₹550 crore for Jaypee Cement & Reliance Infra assets
The National Asset Reconstruction Co (NARCL) has submitted binding offers for two distressed assets, including Jaypee Cement Corp. The other asset is a toll road entity of Anil Ambani’s Reliance Infra. For the...
Aurionpro Solutions acquires Melbourne-based InfraRisk
Aurionpro Solutions announced its acquisition of InfraRisk, a software firm specializing in lending solutions for banks and financial institutions. This strategic acquisition strengthens Aurionpro’s Integro...
China’s Ant Group to exit Paytm: Report
China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total $433.72 million, according to a term sheet seen by Reuters on Monday. Ant, an affiliate...
Antfin to likely sell entire 5.84% stake in Paytm at Rs 3,800 crore via block deal: Report
Ant Group affiliate Antfin (Netherlands) Holding B.V. is likely to sell its entire 5.84% stake in One 97 Communications via block deal on Tuesday, according to a report. The floor price has likely been set at Rs 1,020...
UK’s Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash. Close...
Payments firm Corpay to buy UK’s Alpha Group in $2.2 billion private markets push
Corpay will buy British peer Alpha Group in a $2.2 billion (1.6 billion pounds) cash deal, the U.S.-based business payments firm said on Wednesday, to expand in the fast-growing private markets. The private markets...
EQT completes acquisition of Niwas Housing Finance
Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500...
Elliott builds stake in Global Payments after Worldpay deal, source says
Activist hedge fund Elliott Investment Management has built a sizable stake in Global Payments, less than three months after the financial technology company inked one of the year’s biggest acquisitions for...
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government’s go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an...
